28. Tax Payments for 2003-2004 School Year
INFORMATION:
Taxing districts may implement a procedure for the payment of taxes by installments through the adoption of a resolution. The installment plan allows for no discounts, but a penalty of ten percent is added to each installment on the date it becomes delinquent. A maximum of four installment payments are permitted.
RECOMMENDATION:
a. That real estate taxes are paid in full will be due and payable according to the following schedule:
DUE DATE PAYMENT TYPE
Friday, August 29, 2003 Discount (2%)
be added thereafter)
That the real estate tax installment plan for the payment of 2003-2004 school taxes be divided into four equal payments with due dates as specified herein. If the installment is not paid and received within this period, a penalty of ten percent will be added to each delinquent installment. No discounts will be allowed on installment payments. Installment payments may not commence after the first installment due date.
First Monday, August 4, 2003
Second Monday, September 22, 2003
Third Monday, November 3, 2003
Fourth Monday, December 22, 2003
b. That per capita taxes are due and payable in full, according to the following
schedule:
DUE DATE PAYMENT TYPE
Friday, August 29, 2003 Discount (2%)
Tuesday, October 28, 2003 Base (10% penalty will be added thereafter)
The administration's recommendations 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 30, 31, and 32 were considered together.